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asambeis [7]
3 years ago
13

Matt and Patricia are husband and wife and live in Oregon. In 2010 and using her funds, Patricia purchased a residence for $400,

000, listing title to the property as "Matt and Patricia, joint tenants with right of survivorship." In 2020, Matt dies before Patricia when the residence is worth $2 million. A correct statement as to these transactions is:
Business
1 answer:
ratelena [41]3 years ago
7 0

Answer:

In 2020, Matt’s gross estate includes $1 million and a marital deduction of $1 million is been allowed for estate tax purposes

Explanation:

Patricia is said to made a gift to Matt her husband in 2010 which is (50% ×$400,000) $200,000 which means marital deduction of an equal amount will be allowed for the gift tax purposes .

Matt’s gross estate also includes $1 million which is (50% ×$2 million) and will as well be offset by a marital deduction of an equal amount which is why the correct statement is:

In 2020, Matt’s gross estate includes $1 million and a marital deduction of $1 million is been allowed for estate tax purposes.

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Pure & Natural Inc. sells six different brands of laundry detergent. The products under different brands are tailored to mee
irina1246 [14]

Answer:

3

Explanation:

Differentiated marketing

This is when a company on purpose creates products that attract at least two or more market segment s or target groups. In the case of Pure& Natural Inc selling six differnt brands of laundry detergent, this brands are tailored to meet the specification and requirement of different market segments. To buttress the point a shoe company that makes shoe for both men and women, this are two different target groups within one company

7 0
3 years ago
In the market for federal funds, if the federal funds rate is between the discount rate and the interest rate paid on excess res
Vilka [71]

Answer:

decrease; increases

Explanation:

The principles of demand and supply occurs here.

For example, The effects of a change in supply of reserves on demand is evident when supply of  reserves increases and in turn the reserves get cheaper. This will make banks want more of reserves because it benefits them.

However, reverse is the case of the interest rates decreases.

8 0
3 years ago
Liabilities are often created as a result of an expense incurred by a company. Which of the following liabilities is not the res
Vladimir79 [104]

Answer and Explanation:

C) Federal unemployment tax payable

4 0
3 years ago
Governor Smith of Georgia is presented with the following data: currently the state derives a total of $400 million of benefits
Rudiy27

Answer:

C)

In order to use the Cost-Benefit Principle correctly we need to compare the marginal benefit of the new spending, which is $25 million, with the marginal cost of the new spending, which is $50 million. This new spending makes no economic sense.

Explanation:

The cost-benefit principle in accounting states that the additional benefit must outweigh additional cost in an accounting system.

Spending of $250 million is giving $400 million revenue. The new proposal of spending $300 million to get $425 million implies we are spending extra $50 million to make extra $25 million.

This is not a good investment according to the cost-benefit principle.

8 0
3 years ago
Resources are adequate, but demand varies widely over the life of the project. Delaying noncritical activities to lower peak dem
-BARSIC- [3]

Answer:

resource smoothing

Explanation:

According to the definition provided in the question we can say that this is regarding resource smoothing. Like mentioned in the question this term refers to a management technique that adjusts the resources so that the requirements do not surpass the resource limits that the company has specified, by delaying the noncritical activities in order to allow for the important ones first.

If you have any more questions feel free to ask away at Brainly.

3 0
3 years ago
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